Today is the final day to purchase to Mazagon Dock shares to be eligible for the upcoming dividend payout.

What Happened: The record date for the final dividend payout for Mazagon Dock is September 19. Investors who are looking to cash in on the dividends should look to buy the stock to be eligible for the dividend payment, as the shares should be in your portfolio ahead of the record date.

See Also: Small Cap Defence Stock Bags Orders Worth ₹77 Cr, Shares Upbeat

The company had announced a final dividend of ₹2.11 per share earlier in May. Earlier in the month, the company announced bagging an order from ONGC worth around ₹1,486 crore. The Mumbai-based public sector undertaking has been awarded a contract for the pipeline replacement project.

This was the company’s second order from ONGC in 30 days. In August, the defence major secured a ₹4,676 crore order from ONGC last month, pertaining to the fabrication and installation of wellhead platforms and associated pipeline projects.

Price Action: Mazdock’s share price was down 1.27% to trade at ₹4,257.90 in afternoon trade on Monday. Shares of the company have remained under pressure in the past few weeks. In the last 30 days, the stock has gone down around 14%.

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